TSXV:BNX.A - Post by User
Post by
Tinmannon Feb 22, 2008 12:57pm
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Post# 14528293
Someone give TD and GMP a calcualtor
Someone give TD and GMP a calcualtor640 acres x 4046 sq. meters per acre x 6.3 bbls/m3 x 15m net pay x 15% porosity x 70% oil saturation x 25% recovery = 6.4 mmbbls recoverable per section per zone.
$20/bbl would give a NAV of $128 million if the find was only one section in area.
Market cap is about $50mm.
2 zones? 2 sections? Do the math!